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Article [124]

Date(g): 13/6/2023 | Date(h): 25/11/1444 Status: In-Force

Effective from Jun 13 2023 - Jun 12 2023
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Taking into account the relevant provisions and their priority in application, in the event of any conflict, the licensee shall not completely or partially close its commercial activities or apply to initiate liquidation, termination or other bankruptcy proceedings without obtaining a letter of no objection from the SAMA. In this case, the SAMA may request the necessary information and documents from the licensee.